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Asking Price:	$79,900 USD USA Dollars
Business for Sale Industry:	Services: Education, Training
Reason for Selling:	Under capitalized
Year Established:	2007
# of Employees:	4
Yearly Cash Flow:	$6,000
Yearly Gross Income:	$74,400

Business for Sale Overview:

This Franchise business is a cooking school for children ages 7 - 14 with special classes for ages 3 - 6. It is more than simply peanut butter & jelly sandwiches. It teaches children a life-long skill that is often artistic, creative and full of surprises and fun. Through cooking classes, children will be able to learn language skills, science, nutrition, math, art, social studies and safety in a fun and easy manor. Young children also learn to pay attention and interact with teachers and other children. Besides cooking classes, the school also does birthday parties, private parties, mini-camps and field trips. The business opened its doors 6/2007 as a new franchise start-up. The 5½ day a week center is open to coincide with scheduled classes. There are currently 4 part time instructors/supervisors with an average rate of $12 per hour. Equipment is a little over 1 year old and in excellent condition. Sales for the first 12 months of operations were $74,000 and is already almost at the break-even (break-even is estimated to be +/- $86,000). During the first 12 months of operation, the businesses Owner’s Cash Flow was a negative +/- $6,061.

Property Features and Assets:

The children's cooking school is centrally located on Route 7 in Brookfield, CT close to Danbury, Bethel & New Milford. The business is located in 1,500 square feet of retail/office space with parking for +/- 34 vehicles. Rent is $1,800 per month gross (no other landlord charges) and has +/- 4 years, 6 months including a 3 year option remaining in the lease.

Market Competition and Expansion:

Owner started this business with little equity and a lot of debt. As it turned out she didn't provide for a long enough growing period (even though in the first 12 months her business almost already broke even) and consequently is running short of working capital hence selling the business. If qualified the Owner will finance with a 50% down payment over 1 - 2 years @ 10% interest.

Additional Details:

• The property is leased.
• The owner is willing to train/assist the new owner.
• The owner is not willing to work for the new owner.
• This is not a homebased business opportunity.
• This is a franchise resale opportunity.
• This is not a distressed business or bankruptcy situation.